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over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the president is back on the campaign trail of sorts. this time to try to win in a court of public opinion for his plan to avert an automatic tax hike for everyone on january 1. that's where we'll start this morning with the point man on the negotiations for all of this. the secretary of treasury, tim geithner. and our roundtable is also here. standing by for reaction, including the man behind the republican pledge not to raise taxes
voucher rising of medicare, you have a return to the ryan budget, which priorities are not priorities that i think the american people share. >> rates, can there be a deal done with the rates not going up? >> no. i'm an appropriator for a long time in the congress. we used to have an expression. it's not the price. it's the money. this is not to be punitive on the people who make over $250,000. it's just to be fair to the entire country. you need that additional revenue in order to reduce the deficit and continue to make investments in growth. >> if speaker boehner says that, you know, we're not going to move on the rates, where are we? >> i hope that's just a bargaining position. but the fact is we have talked about it two step. do a down payment on cuts, on investments and on revenue this year and then in the next year, take the time to go over what we would do with real revenue reform. you can't do it in a matter of weeks right now. >> through this whole process, you want the rates to go up. been very clear on that. medicare age stays the same. and the the benefits don't change. ho
for. republicans propose 600 billion in entitlement saving including raising the medicare requirement to 67, nearly twice what the white house called for. the gop plan changes how social security benefits are calculated, something addressed under the president's plan. the president today did open the possibility for further negotiations down the road. >> we're not going to be able to come up with a comprehensive tax reform package that gets it all done just in the next two weeks. we're not going to be able to come up with necessarily a comprehensive entitlement reform package in the next two weeks. >> joining me now is congressman adam schiff of california. thank you so much for your time. >> it's a pleasure. >> you heard the president responding again to the proposal from republicans yesterday. what's your gut right now on this? >> my gut is we're going to reach a deal. i don't think we're going over the cliff, but we'll have a hard couple of weeks of negotiating st still ahead of us. i don't envy of position the speaker is, but he has to face the fact his party lost the election and
't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off the fiscal cliff. speaker boehner says he is doing everything he can to avoid the cliff but acknowledged that there is a chance we will in fact go over the edge. >> thank you. >> shannon: now if the country does go over the fiscal cliff marx worry there could be cutback to entitlement programs like social security and medicare and
a plan for medicare. medicare advantage. that is exactly the same as obama care is for people under the age of 65. and so i'm waiting for paul ryan to tell me the difference between his medicare advantage plan and the obama health care exchanges. >> i think we can settle this 2016 thing right now. >> what are you, kidding? >> i stopped making predictions like six seconds ago. we're great when we talk about things that happened in the past or things happening now. we're really stupid. >> joe klein gets the last very cautious word. thank you very much for joining me. from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of balance. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radic
. it is not as much risk. we should deal with it and we should. when it comes to medicare and medicaid and health care spending general, i think we start on medicare and make sure we are committed to medicare and the promise we have made to our seniors -- not just current seniors, but future seniors. is really is something we start with, to keep its universal and to keep benefits. once he makes the decision where we are not going to shift costs to individuals the we have to focus on containing the rate of growth in costs medicare is a way to do that. for private companies and individuals, it makes a difference as well. we are trying to do that, implementing thea aca. i feel strongly of rewarding doctors differently, in a way that rewards success. in those discussions, are there other ways we can see revenues come in from within the health- care system? i think that is on the table. i am not keen on raising the age for medicare. we have to help figure out how to a group of people figure out how to get health college. that is the cost of subsidies. do they go into the exchange. for medicare, the use of
and medicare for generations to come, it's going to be difficult for me to oppose higher rates for the rich." president obama and speaker boehner spoke by phone yesterday for the first time in a week. white house press secretary jay carney i find very interesting refused to characterize the conversation. let's bring in congressman chris van hollen of maryland tonight. good to have you with us. >> always good to when with you. >> you bet. are democrats united on this rate issue? we keep hearing it. now that boehner is starting to move a little bit and say that the money is going to come from the wealthy, yet he hasn't identified these reductions, where do democrats stand on rates? is that the bottom line? the rates have to go up? >> the rates have to go up, ed. it's a matter of simple math, as the president has said. which is why in the house of representatives the democrats filed what's called a discharge petition that would require the speaker to bring to the floor of the house the senate bill, the senate democratic bill that immediately would extend tax relief to all middle income taxpaye
. although you said the democratic leadership -- you said you could support means testing for medicare. what does that mean and how far are you willing to go. >> first of all, social security is off the table. there are not only 42 members in the congressional black caucus who would not vote for a deal that included social security, but i think the majority of our democratic caucus. social security has not contributed one penny to the deficit. it's just irresponsible to even put social security in a discussion as we are trying to get some kind of deal. medicare can, i think, be massaged in terms of means testing. with the upper income individuals paying more or sometimes all of their medical expenses. it makes no sense for the government to pay medicare costs for somebody who is earning $700,000 a year. a million dollars a year. so i think we can do some means testing. but by no means am i saying it the means test should be low enough so that our elderly and our poorest americans are going to pay for the deficit. but we want a deal. we want a deal. we'll deal with medicare. and keep in mind,
about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that part of the conversation is dealt with? >> first of all, social security is not a part of the debt problem. it has its own trust fund. it's well accounted for. it's actuarially sound to 2040 right now. medicare we took care of in the president's bill. in terms of medicaid, there's jostling between the states and the federal government right now, but that's a bigger question that shouldn't be dealt with by the end of the december. that's a bigger question. we've already taken $1.7 trillion in cuts, and the president is put another $800 billion up on the table. i think the democratic side has been very forthcoming in terms the cuts, cuts in a way that will not harm the recovery. zoou for your time. i greatly appreciate you joining us at this point. thank you. both secretary of state hillary clinton and defense secretary leon panetta issued more stern
now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. they look at that 1.6 trillion in revenue and say it's twice as much you get from raising taxes on the wealthy and much more than democrats would ever accept in the senate. that's why they say this is not serious. >> but let me start with what you said, we're making the threat of default. we propose to take an idea that senator mcconnell proposed in the summer of 2011 and extend that. what that does, it lifts the cloud of default over the economy. the president has increased the debt limit. congress has a chance to express approval of that. it's a very smart way by the senator with impeccable credentials to lift this threat. >> you said that he never intended it to be permanent? >> but, again, it was a good idea then, it's a good idea going forward. it came from him. it wasn't our idea. that makes a lot of sense. what you said that wasn't quite right, what we laid out for them was, a detailed set of reforms in health progr
. >> if you isolate the medicare piece of it, they don't want to do anything on the individual medicare rips. maybe we could do something on -- i think the progressive wish list would be to do something on negotiating drug prices, bringing that back from the old fight, the affordable care act. so i think there is wiggle room. i think democrats are dug in on not touching social security and i would be shocked if that even entered the conversation. >> the cpi change, something the president has offered and he's ready to do that. >> i think people want to protect medicaid, obviously, and would like to protect social security. i think medicare is the rule. >> thatour gaggle will stick ar. we'll hear from the white house officially when they can first talk about the jobs report. they can't do it until after 8:30. this sunday's "meet the press" a debate between capitol hill leaders republican congressman and the vote counter for house republicans, kevin mccarthy and the democratic senate whip dick durbin. first, the white house soup of the day, it's friday, spicy and of course it's always fish. ca
in medicare. we can cannot just, you know, throw out the safety nets for the average american. they have got to come to some agreement about tax cuts and some of the other areas. the president has offered to do that. he's put, you know, possible tax cuts on the table. we've got to look and see if we can combine not only the tax rate increase with some loophole closings that perhaps will even make up to the 39.6. so there's a lot of ways we can go with this. but let me just warn everybody about this. and that is, that we're not going to support the idea that entitlements are going to be substantially done in or reduced. >> so they are on the table? >> social security is not on the table. >> congresswoman maxine waters of california, thank you so much for spending your time today. >> you're welcome. >>> much more now on the jobs report. joining me is former economic adviser to vice president joe biden, jared bernstein, and ron insana. you heard the speaker and his comments moments ago. this is good for the president, the jobs report, no doubt. he can argue that, my policies have been working,
said i'm willing to do that in order to get serious cuts to social security and medicare. bye-bye [ applause ] >> stephanie: senator lindsay graham. >> i met with jim demint this morning, and to say i was stunned is an understatement. he has always been a friend somebody i could count on. we have really enjoyed our time together. >> wait a minute go back. >> stephanie: once again, another stunned moment for me! vapors. >> we had some wonderful times together. >> something tells me that lindsay graham has clutched some pearls before. >> as god as my witness i will never go hungry again. >> compared to jim demint is a stark-raving mad liberal. >> stephanie: and senator harry reid. >> i have always liked the guy, and even though i disagree with so much of what he has done i appreciate -- i personally believe he does this out of a sense of real belief. i like jim demint and wish him well. [ inaudible ] >> stephanie: all right. [ buzzer ] >> stephanie: stop it. stop it. he comes out of a belief that he deserves to make more money. >> yeah. [ bell chimes ] [ appla
and in the president's budget to over a trillion dollars in savings to medicare without doing any harm to beneficiaries and extended the life of medicare. what is lacking are the revenues. you cannot cut your way to deficit reduction. what does reduce the deficit are jobs, job creation. have the spending cuts, we have the medicare savings, what we need are the revenues. and that is what you have to ask the question, why are we not here to pass the middle income tax cut which unleashes the high end -- increases the high end contribution to the budget talks. why are we not here to pass the middle income tax cut? why are we not here to even debate the middle income tax cut? could it be because the republicans are holding the middle income tax cuts as they have all along hostage to tax cuts for the wealthy? as long as they will not touch one hair on the red or get one red scent from the high end we will never have the revenue with the save togs reduce the deficit, to create jobs and grow the economy and improve the lives of the american people. [inaudible] >> [inaudible] as i've cede before than subject, w
. this is the pursuit of perfection. [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit or call 1-800-medicare. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. >> welcome back. a cabinet shake-up. new reports that president obama is closer to naming new members among the decisions, is who will replace secretary of state hillary clinton. will it be u.n. ambassador susan rice or john kerry? >> well, for d
to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it's the better course to cut spending in those areas now rather than defer indefinitely on making real spending cuts. the current agreement was hammered out in august of 2011. what typically happens is that spending cuts are promised in the future, but they never materialize, the taxes are raised anyway. that is exactly what would happen under this circumstance, taxes would be raised, spending cuts would be promised in the future but when that deadline is reached we won't make the spending cuts. so at this point in time what is really being talked about is strictly a tax increase and freidman would have opposed that. jenna: i don't need to tell you that, there's certainly been critics of milton freidman out there. if you take the criticism together this is what they say. there is a time and police for government, there is a time and place where government can serve the economy, and that was opposed to what milton freidman said, but in general, you know, what do you think
, on reforming those systems to save medicare and medicaid, social security, cutting defense, reforming the taxes, then do not meet -- if he doesn't want to meet halfway, but i've got to tell you, i am heartened with what i saw in the president's tone yesterday. i loved hearing him tell a group of americans yesterday, hey, we're going to get this thing done. i feel good about it. i love that he agreed to sit down with john boehner one on one. richard, you've done negotiations on all levels. i really liked the tone the president was sending. and by the way, i felt like charles krauthammer did a couple of days ago. because the president seemed to be saying -- and you've said it, too, along with geithner -- we won. the other side's going to cave. the president's changing his tone, and i think that is great not only for the american people, i think it's great for the president. >> i think you're right. there's a sense that people have once again remembered the basic rule of negotiation. in a funny sort of way, you've got to help the guy you're negotiating with because you need a partner to succeed. y
. the clear choice. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> welcome back to "the ed show." president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people w
of this plan along with the $600 billion in saving including medicare that suggested in the $200 billion in additional spending, what part of this plan is a balanced or bipartisan approach? >> i bet john boehner things the grand bargain was good deal last year. the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you going t
taxes, but you're going to be the ones tocut medicare. if you want cuts in entitlements, but the mob. i'm not going to do both for you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for sequestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spending cuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wan a legacy. it's going to be the highest unemployment in history for two
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and other health professionals ho helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... youefforts result in the quality of care d service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ connell: it is a quarter past the hour, just about. let's go to nicole petallides at the new york stock exchange. nicole: there you go. i am glad it is working. let's take a look at lulu lemon. the stock is actually higher. you think of maybe overpriced deals. they are very good and very good quality. it is based in canada. the stock is to the upside. part of a profit and the analysts expectations. the one thing that we should note is sales growth has actually been slowing. that is not a good sign, the winning numbers therefore lulu lemon. let's take a look at the broader market, as well. we are all waiting on the jobs report tomorrow
't be sound and solvent for future generations. for example, medicare's hospital services program is in serious financial trouble. in a report this spring, the medicare trustees cautioned that the trust fund that covers the program's hospital services will be depleted and consequently insolvent by 2024. the fact is, we can accomplish entitlement reform in a way that doesn't change programs for people at or near retirement yet ensures that those programs will be there for our children and grandchildren down the road when they need them. republicans and democrats should be able to come together, as should older and younger americans, because thoughtful entitlement reform is in everybody's interest. and, finally, we need to control our spending. our federal deficit for the fiscal year 2012 was $1.1 trillion, and our national debt is now more than $16 trillion. that is unsustainable. more revenues from tax reform and economic growth combined with entitlement reform and controlling spending will reduce our deficit and our debt, and there is no question that we can do it. for example, w
, which everybody knows we've got to do if we're going to keep medicare going. i don't think anybody in this body doesn't know that within ten years it will be broke unless we make the appropriate structural reforms now. the president continues to call for a balanced approach to deficit reduction, but in practice he's offering up all tax increases and no spending discipline. he has offered up nothing meaningful on entitlement reform. the proposal put forward last week by secretary geithner was embarrassing. i happen to like secretary geithner. i stood up for him under some trying circumstances on the finance committee before he was approved by the senate. and i did it because i believe he's a hard worker. i believe he's an intelligent man. and i personally like him. but my gosh, if i was the treasury secretary and the president gave me that plan to go up and show it to the leader of the house, the speaker of the house, i would have said, no, mr. president, you can't do this. this is an insult. if the president said you've got to do this for me, i would say, i think it's better for me
to the affordable care about, over $1 trillion in savings in medicare while extending savings what is lacking are the revenues. deficit-reduction. what does reduce the deficit is jobs. job creation. what we need are the revenues, and that is what you have to ask the question about. why are we not hear to pass additional tax cuts which increases the high-end contribution to the budget talks? why are we not here to pass a middle-income tax cuts? what are we not even here to debate the middle-income tax cut? can it meet because the republicans are holding this as they have all along hostage to tax cuts for the wealthy? as long as they will not touch one hair on the head or get one red cent of their rich, to reduce the deficit, to create jobs, to grow the economy, to improve the lives of the american people -- >> the speaker was asking about middle ground. do you necessarily rule it out? is it your understanding that that is something he would accept? >> what we want to do is protect the middle class. is not above the rate. it is about the money. the objection to extending it is about being punit
in washington negotiate a bad deal on the bucket and deficit, what do you think will happen to medicare and medicaid benefits. >> it stars two senator and two republican reps. cnn reports the labor unions are spending more than a half of million dollars on this round of spots. we're back with more steph after the break. stay with us. ♪ going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [♪ theme music ♪] >> stephanie: okay. and as we mentioned, unemployment numbers. hello! [ ♪ patriotic music ♪ ] >> stephanie: the lowest in four years. >> wow! >> stephanie: it has dropped to 7.7%. >> you're welcome america, i did that. >> no, you didn't. >> stephanie: right. [ applause
of the 2001 tax reduction for the top 2% and the extension of the medicare act and capital income. under the president's preferred tax policy, the top rate would go from 35% to 49.9% and for ordinary income from 15% to 25%. the long-term consequences of president obama's tax policies would have a profound and negative affect. capital stock would fall. fewer jobs and lower wages resulting in higher taxes would harm the middle class. data reveals three important facts of high income earners. the taxes on the wealthy raise as much faster than on everyone else during economic booms, but they also fall much faster during economic bust. people report more income when tax rates are low and not when they are high. there are better ways to increase federal revenues than hiking tax rates. congress could enact a program of tax reform that would lower rates and eliminate interest reductions. the president could open up more federal lands and offshore areas for energy exploration. his administration could take a more balanced approach to new regulations. economic growth can help solve our fiscal prob
be conceptualized and dealing with medicare premium reimbursement issues -- what is the one singular issue that you're focusing on as far as the top 2%? [talking over each other] >> what is remarkable about this, and this was said on the sunday shows, in this day, in 2012, how-to people are aware of what was a issue that happened in september. the unemployment rate, while it has come down, is still higher when george w. bush extended it. .. now he has also said he is not wedded to every detail of his plan, that he will compromise and he looks forward to concrete proposal that addressed the question of revenue for sale. they are open to revenue. the fate of the raise tax rates on the wealthiest americans. it's mathematically impossible to receive targets necessary or balance in a way that only closes loopholes and tax deductions. both economically -- >> that's been your earlier point. >> depending on the proposal you're talking about. it is either possible to do it if you stick it to them about class and race taxes on the middle class you can tax the wealthiest americans from having to contribute mo
now. stakes couldn't be higher. more than $7 trillion of tax cuts in medicare payments and programs for unemployed will expire in just 27 days am today. adding to these spending cuts and tax increases or sequestration, cuts of almost 10% of both defense and nondefense, and cuts of 2% medicare. it would be hard to find a single american not affected by these changes. you all know how serious this is. you believe, like me, that we can do it. to prevent fiscal crisis. but the answer is not just extend all of these tax cuts and delight all of these cuts. that is not the answer. this is an opportunity, an opportunity to commit to balance plan, to bring our national debt back down to sustainable levels. the united states, i believe come is at a critical juncture. we can come together, show the world we are still responsible actors. we can prove that america is still the leader of a global economy. people are watching. do we still have it. or, we can let a instruction is an and stagnation turn this country that we all love so much into a second place state. i spent a few days last fall mee
hit. it's not going to be fixed if we go over the cliff. next, medicare doc fix, another thing we don't hear much about, but doctors would get less money from the government to pay for medicare patients that they have. and many doctors say if that happens, they're going to have to drop medicare patients. that would be very bad news there. and the last thing again not many people are talking about is an estate tax increase. right now there's an exemption for taxes on estates $5 million and below. that would go down if we go off the cliff to $1 million. and the rate would go up 35% to 55%. so these are all very, very real world problems that will cost americans a lot of money out of their wallets if we go off the cliff beyond the big ticket items which are the spending cuts and those tax rates. >> yeah. a lot of consequences if we go over the cliff. what are you hearing, dana, if anything about actual negotiations, talks being resumed. >> reporter: we are told by a republican source that talks have resumed between at least on a staff level between the speaker's office and the white hous
security and medicare. dan says, thii tax bite is why we should hold elections on april 15th. that is a great idea. it all comes together. i love hearing from you. send me an e-mail. finally tonight, just when you thought of retiring massachusetts congressman -- congressman barney frank was stepping out of the limelight, no way. the boston globe reporting the 72-year-old democratic congressman who is set to retire in january hired the big shot hollywood agency william morris to represent him in the next phase of his career. william morris is run by r.e.m. manuel, the brother of chicago mayor and the inspiration for the character ari goldman the
Search Results 0 to 49 of about 52 (some duplicates have been removed)